NewMed Energy LP (OTCPK:DKDRF)

$ 3.25 0.05 (1.56%) Market Cap: 3.55 Bil Enterprise Value: 4.96 Bil PE Ratio: 7.45 PB Ratio: 2.19 GF Score: 85/100

Q2 2023 Newmed Energy LP Earnings Call Transcript

Aug 21, 2023 / 10:00AM GMT

Release Date Price: $2.94

Transcript

Guil Bashan

NewMed Energy - Limited Partnership - Principal Analyst & Director of IR

Hello, everyone, and thank you for joining NewMed Energy second-quarter financial result presentation. And with us we have Yossi Abu, NewMed Energy CEO, and Tzachi Habusha, our CFO. And without further ado, I will pass on to Yossi.

Yossi Abu

NewMed Energy - Limited Partnership - CEO

Hi, everybody, thank you for joining us, especially in August. Let me take you to the highlights of the second-quarter financial result. Basically, during the presentation, we'll discuss an update on the bp and ADNOC and as well cover the financial result.

As you can see, the second quarter of 2023, we basically have been able to be a little bit short of 1 BCF a day production from Leviathan. We close the second quarter with $173 million EBITDA earning and net profit of $93 million. We'll update as well regarding the Aphrodite well and as well the development plan that we submitted to the Cypriot government.

As you know, during second quarter, we as well repaid the first

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